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Industry News from Energy Services

  • August 9th, 2019

UK GAS-Prices mixed as gas-for-power demand is set to rise

British wholesale gas prices were mixed on Friday as oversupply depressed within-day prices but an a drop in wind power boosted demand for Monday. ›

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  • August 9th, 2019

Oil edges up on expectations of more OPEC output cuts, but trade worries linger

Oil prices inched higher on Friday as expectations of more OPEC production cuts provided some support, although concerns over the long-running U.S.-China trade dispute kept a lid on gains. ›

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  • August 8th, 2019

UK GAS-Prices fall as high wind power depresses demand

British wholesale gas prices fell on Thursday as sharply higher wind power generation weighed on gas-for-power demand in a market that was already expected to be slightly oversupplied. ›

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  • August 8th, 2019

Oil jumps on expectations producers may cut supply after 4% slump

Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5% losses in the previous session, on expectations that lower prices may lead to production cuts. ›

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  • August 7th, 2019

UK GAS-Prices rise as increased IUK exports help lessen oversupply

British wholesale gas prices rose on Wednesday, partly correcting the previous day’s losses, as exports through the InterconnectorUK to Europe increased. ›

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  • August 7th, 2019

Oil sets new seven-month low on trade tensions

Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-U.S. trade tensions weighed on the outlook for the global economy and energy demand. ›

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  • August 6th, 2019

UK GAS-Prices fall in oversupplied market capped by high storage

British wholesale natural gas prices fell on Tuesday as weak demand and a slight increase in production led to an oversupplied market with storage unable to take much more gas. ›

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  • August 6th, 2019

Oil prices rise, but U.S.-China trade tensions drag

Oil prices rose 1% on Tuesday as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to escalating trade tensions between China and the United States. ›

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  • August 5th, 2019

EUROPE POWER-Expected wind supply surge cuts German spot prices

German prompt electricity prices dropped on Monday on forecasts of resuming wind power supply, while in France they rose on higher demand forecasts but were still at a discount to Germany. ›

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  • August 5th, 2019

UK GAS-Prices fall as some UK gas fields start to ramp up

British wholesale natural gas prices fell on Monday as some domestic fields started to ramp up after maintenance. ›

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